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Tds on crane hire charges - 194C or 194I - Income Tax

#1 Issue Id: - 1252
Dated: 6-6-2009
By:- madhavvan
Tds on crane hire charges - 194C or 194I

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crane hire charges payments tds to deducted as per contractor 194C. or under  Sec 194I

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#2 Dated: 7-6-2009
By:- Ravi Chopra

After an amendment in 2007 in section 194I, rent on plant, machinery or equipment is subject to TDS at the rate of 10%. Therefore, crane hire charges is subject to TDS under section 194I.


#3 Dated: 8-6-2009
By:- Sanjeev Kinger

It is not clear from querry that whether you have hired a crane or you have entred in contact. If the assests is in your control and you are oprateing the same then it will cobvreed U/S 194I or if you have given a some work to a contractor and the control of assests is also with him then it will covred U/S 194C


#4 Dated: 8-3-2013
By:- Rajesh Kumar Singh

sir,

crane hire charges payments tds to deducted from contractor including service tax or excluding3

Rajesh Singh


#5 Dated: 9-3-2013
By:- TRILOCHAN SAHU

Yes Even in our construction company we deduct 2% TDS on gross amount (Including ST or VAT) on Crane Hire Charge u/s 194I, as crane is coming under plant & machinery.


#6 Dated: 16-3-2013
By:- PRADIP SARKAR

If u contract from Xyz with contract paper then 194c will applicable otherwise section 194I


#7 Dated: 17-3-2013
By:- TRILOCHAN SAHU

Even then you cant avoid the section 194I as it is a specifically meant for rental or hire charges.


#8 Dated: 20-3-2013
By:- RAMDAS IYER

if it is a "contract for work" using the crane and the crane is operated by the person who hires it to you, then the transaction will attract TDS u/s 194C at 2%

On the other hand, if it is hire of crane simpliciter, ie, the crane is given in your possession and control and you operate it, it will attract TDS u/s 194I

Ramdas Iyer

 


#9 Dated: 8-2-2016
By:- RANGANATHA THAPASWI

Thanks for all Experts.

Ranganath T


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